Reply #2: "Real estate ... has traditionally brought the economy out of recession" [View All]

[PSPS]

Real estate, which has traditionally brought the economy out of recession, seems increasingly likely this time to hold it back. The housing market’s epic boom early this decade has turned into an epic bust whose effects may take years to shake off.

Um, no. It only happened once and that was because anyone who could fog a mirror could get a loan, which caused a price bubble. The last thing we need is another round of inflated housing prices based on ... nothing.